HB4429: Developing and Empowering our Aspiring Leaders Act of 2025
- Introduced (completed)
- 2Passed One Chamber (current step)
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To require the Securities and Exchange Commission to revise the definition of a qualifying investment, for purposes of the exemption from registration for venture capital fund advisers under the Investment Advisers Act of 1940, to include an equity security issued by a qualifying portfolio company and to include an investment in another venture capital fund, and for other purposes.
Plain-language summary
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HB4429: Developing and Empowering our Aspiring Leaders Act of 2025